Signallamp Health is proud to announce that we have been named one of the fastest growing private companies in the U.S. by Inc. magazine. Today, the publication released its annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies, where Signallamp ranked No. 240 with three-year revenue growth of 1,844 percent. We are also ranked No. 18 among companies within the health sector.
“We believe that the doctor-patient relationship is the most underutilized asset in healthcare. To meaningfully address chronic disease, we need to support physicians and expand clinical resources to patients. I am extremely proud of our team which has built the infrastructure for multi-channel remote patient engagement and works tirelessly to meet patients’ needs every day. This is a real honor and validates our personalized approach to engage patients in between office visits,” said Drew Kearney, our co-founder and CEO.
“From the beginning we focused on building personal relationships with our patients,” explained Jennifer Nicastro RN BSN, Chief Nursing Officer. “That connection keeps patients engaged in a monthly dialogue with their own dedicated nurse who helps them manage their chronic conditions through education, gap closure and medication adherence. Our rapid growth is evidence of the huge need for nurse advocates to work with patients in between office visits.”
“The Signallamp Health team has supported our efforts for physician and patient engagement. We started with a proof of concept at a few practice locations and have since expanded to all of our primary care clinics.” -Alyssa Nardi Mullen, MHA, Director of Quality and Compliance, Temple Physicians Inc.
The annual Inc. 5000 list represents a unique look at the most successful companies within the American economy’s most dynamic segment – its independent, small businesses. Companies such as Microsoft, Timberland, Vizio, Intuit, Chobani, Oracle, Zappos.com, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
As one of the top 500 companies on this year’s Inc. 5000, Signallamp will be featured in the September issue of Inc., in addition to being part of the Inc. 5000 listing at www.inc.com/inc5000. The website includes profiles and an interactive database that can be sorted by industry, region, and other criteria for the 2020 Inc. 5000 companies.
Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.
“The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”
“You can expect a lot more growth in Signallamp’s future,” says Andrew Goldberg, our co-founder and CFO. “We have pioneered a remote care model where nurses are immersed in each provider’s daily workflow. Patients want to be connected to their chosen providers and have responded to our high-touch approach by driving engagement rates to unprecedented levels. COVID-19 has accelerated expansion opportunities for that recurring engagement, which is valuable to insurers, population health software vendors and remote patient monitoring (RPM) tools alike,” continued Goldberg. “As Sinai Health System is a center for urban healthcare in the city of Chicago, we are constantly balancing between serving the growing medical, behavioral health and SDOH needs of complex patients and finding the resources to do more to serve our community. A partnership with Signallamp and its model, allows us to improve care by reaching more patients, more quickly. Combine this partnership with the resources of Sinai Urban Health Institute and Sinai Community Institute, whose focus is in the treatment of SDOH issues, and we have more thoroughly answered the call of our communities.” -Karen Janousek, Chief Population Health & Growth Officer Sinai Health System